Oliver Luxxe Assets LLC Purchases 5,129 Shares of Piper Sandler Companies (NYSE:PIPR)

Oliver Luxxe Assets LLC grew its position in shares of Piper Sandler Companies (NYSE:PIPR) by 84.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,202 shares of the financial services provider’s stock after acquiring an additional 5,129 shares during the period. Oliver Luxxe Assets LLC owned about 0.06% of Piper Sandler Companies worth $3,179,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in shares of Piper Sandler Companies by 37.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 220,638 shares of the financial services provider’s stock worth $38,583,000 after acquiring an additional 59,915 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Piper Sandler Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 1,950,310 shares of the financial services provider’s stock worth $341,051,000 after acquiring an additional 15,075 shares in the last quarter. HighPoint Advisor Group LLC bought a new position in shares of Piper Sandler Companies in the 4th quarter worth approximately $271,000. Mather Group LLC. bought a new position in shares of Piper Sandler Companies in the 1st quarter worth approximately $64,000. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of Piper Sandler Companies in the 1st quarter worth approximately $298,000. 72.79% of the stock is owned by institutional investors.

Insider Transactions at Piper Sandler Companies

In other news, insider Jonathan J. Doyle sold 12,695 shares of Piper Sandler Companies stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $236.63, for a total value of $3,004,017.85. Following the sale, the insider now directly owns 160,095 shares of the company’s stock, valued at approximately $37,883,279.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, General Counsel John W. Geelan sold 1,789 shares of Piper Sandler Companies stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $256.73, for a total value of $459,289.97. Following the completion of the transaction, the general counsel now owns 15,065 shares in the company, valued at approximately $3,867,637.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan J. Doyle sold 12,695 shares of Piper Sandler Companies stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $236.63, for a total value of $3,004,017.85. Following the completion of the transaction, the insider now owns 160,095 shares of the company’s stock, valued at approximately $37,883,279.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,276 shares of company stock valued at $3,936,252. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th.

Piper Sandler Companies Stock Up 3.4 %

NYSE PIPR opened at $292.75 on Monday. The stock has a market capitalization of $5.18 billion, a P/E ratio of 49.79 and a beta of 1.39. The firm’s fifty day moving average is $279.11. Piper Sandler Companies has a fifty-two week low of $130.89 and a fifty-two week high of $293.51.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results on Friday, August 2nd. The financial services provider reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.26. The business had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $338.90 million. Piper Sandler Companies had a return on equity of 15.36% and a net margin of 9.23%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $1.13 earnings per share. Sell-side analysts anticipate that Piper Sandler Companies will post 11.53 earnings per share for the current fiscal year.

Piper Sandler Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.89%. This is a boost from Piper Sandler Companies’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, August 29th. Piper Sandler Companies’s payout ratio is 44.22%.

About Piper Sandler Companies

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking services and institutional sales, trading, and research services for various equity and fixed income products; advisory services, such as mergers and acquisitions, equity and debt private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and municipal financial advisory and loan placement services, as well as various over-the-counter derivative products.